Well I was getting itchy for a bit of trading. Having not done any for the last couple of weeks due to time pressures, I was wanting to have a quick session on Bet Angel. I opened up the market and selected a few markets to trade in the next half hour. The first race got off well with spotting the swing and taking a few ticks. I followed up with chasing the swing the other direction and made myself £2.56 after greening. OK, not huge amounts, but I was only using a £2 minimum bet...
I thought to myself, I can see what is happening here, let's try using the tick size as previously discussed. I set the tick size to £1, so every tick I make will make £1 before greening up. Had another stormer, where I had £10 on the favourite before greening. This turned into £3.01 after greening. I did 2 other races which were fairly small earners, dipped in and scratched out as I saw the money turning against me.
I know £5.57 isn't a lot, but with a bank of £90 it is a decent percentage. I think I will definitely continue with the tick size now my bank is large enough to sustain it. It also is becoming more profitable for the time invested. I think when I can get the tick size to be around £3-£5 it will be a lot more worth the time. On average, I will be hoping to take £5-£10 per race... but I will keep you posted on how that will pan out!
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About Me
- firedave
- Hello! I'm David and have embarked on a new plan to trade for a living - I like a challenge! Since graduating in 2004, I've been working as an IT Consultant and am now hoping to put those skills into use and develop my trading capabilities. Looking forward to the journey...
Links of interest
- Adapt & Survive
- Betfair Analytics
- Blog of Tim Ferriss
- Cash or Crash
- CRM blog
- Edgehunters
- Free Under Over Soccer Picks
- Full-time Traders Mindset
- JS' Betfair Journal
- kokoooooooo
- Mind Games
- My Sports Trading Journey
- Peter Webb blog
- Probability Theory (Peter Webb)
- Productive Firefox
- Professional Gambler
- Scraping a Living
- Sports Betting News
- Toytrader
- Trading Tennis
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Blogumulus by Roy Tanck and Amanda Fazani
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